Monday, March 18, 2013

The State of Distressed Properties according to short sale experts

A cool graph showing the state of distressed properties. Her are some of the highlights:

According to Corelogic, 412,000 short sales were successfully completed in 2012. Corelogic anticipates 400,000 short sales to be completed in 2013.

Also according to a Corelogic report from January of 2013, “negative equity and near-negative equity mortgages accounted for 26.8 percent of all residential properties with a mortgage nationwide in the third quarter of 2012.”